Jefferies Group LLC set a $250.00 price objective on Cooper Companies, Inc. (The) (NYSE:COO) in a research report released on Thursday. The firm currently has a buy rating on the medical device company’s stock.

A number of other research analysts also recently weighed in on COO. Zacks Investment Research raised Cooper Companies, Inc. (The) from a hold rating to a buy rating and set a $226.00 price target on the stock in a research note on Wednesday, May 3rd. Stifel Nicolaus upped their price target on Cooper Companies, Inc. (The) from $220.00 to $231.00 and gave the stock a buy rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. set a $225.00 price target on Cooper Companies, Inc. (The) and gave the stock a hold rating in a research note on Saturday, June 3rd. BMO Capital Markets reaffirmed an outperform rating and set a $255.00 price target (up from $220.00) on shares of Cooper Companies, Inc. (The) in a research note on Monday, June 5th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and set a $206.00 price target (up from $200.00) on shares of Cooper Companies, Inc. (The) in a research note on Monday, June 5th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $242.00.

Cooper Companies, Inc. (NYSE COO) opened at 245.05 on Thursday. The company’s 50 day moving average price is $245.29 and its 200-day moving average price is $217.13. Cooper Companies, Inc. has a 12-month low of $158.73 and a 12-month high of $256.39. The company has a market capitalization of $11.97 billion, a P/E ratio of 36.74 and a beta of 0.61.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its quarterly earnings results on Thursday, June 1st. The medical device company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.25. Cooper Companies, Inc. (The) had a return on equity of 15.88% and a net margin of 16.02%. The business had revenue of $522.40 million for the quarter, compared to the consensus estimate of $520.71 million. During the same period in the prior year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts forecast that Cooper Companies, Inc. will post $9.63 earnings per share for the current fiscal year.

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The business also recently disclosed a semiannual dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 21st were paid a $0.03 dividend. This represents a dividend yield of 0.02%. The ex-dividend date was Wednesday, July 19th. Cooper Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 0.90%.

In other news, Director Stanley Md Zinberg sold 816 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $243.14, for a total value of $198,402.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carol R. Kaufman sold 44,092 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $242.81, for a total value of $10,705,978.52. Following the completion of the sale, the executive vice president now directly owns 60,419 shares of the company’s stock, valued at $14,670,337.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,331 shares of company stock valued at $16,400,454. Company insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Cooper Companies, Inc. (The) by 3.3% in the second quarter. Vanguard Group Inc. now owns 4,938,181 shares of the medical device company’s stock valued at $1,182,298,000 after buying an additional 156,449 shares in the last quarter. BlackRock Inc. raised its position in Cooper Companies, Inc. (The) by 4.5% in the second quarter. BlackRock Inc. now owns 3,210,032 shares of the medical device company’s stock valued at $768,546,000 after buying an additional 138,395 shares in the last quarter. Janus Henderson Group PLC raised its position in Cooper Companies, Inc. (The) by 558.5% in the second quarter. Janus Henderson Group PLC now owns 2,175,791 shares of the medical device company’s stock valued at $520,937,000 after buying an additional 1,845,368 shares in the last quarter. Janus Capital Management LLC raised its position in Cooper Companies, Inc. (The) by 35.7% in the first quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock valued at $348,441,000 after buying an additional 458,173 shares in the last quarter. Finally, Pioneer Investment Management Inc. raised its position in Cooper Companies, Inc. (The) by 136.6% in the second quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock valued at $293,589,000 after buying an additional 708,028 shares in the last quarter. 98.06% of the stock is owned by hedge funds and other institutional investors.

Cooper Companies, Inc. (The) Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Analyst Recommendations for Cooper Companies, Inc. (The) (NYSE:COO)

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